DAX Takes a Dip as Lackluster PMI Data Dampens Mood

Dax Futures

DAX experienced a downward trend in subdued trading on Tuesday morning, as market participants responded to the German PMI figures while anticipating the significant U.S. employment data for insights into the Federal Reserve’s monetary policy direction. Attention was directed towards the developments in the negotiations concerning peace in Ukraine. The benchmark DAX, having previously fallen to 24,199.94, was recently recorded at 24,161.97, reflecting a decline of 98.70 or 0.4%.

Rheinmetall experienced a decline of approximately 4.65%. Siemens Energy, MTU Aero Engines, SAP, Commerzbank, Heidelberg Materials, Scout24, and Infineon Technologies experienced declines ranging from 0.6% to 1.25%. Merck experienced an increase of approximately 2.75%. BASF experienced an increase of nearly 2%, whereas Zalando, Symrise, Fresenius Medical Care, Mercedes-Benz, Henkel, Volkswagen, Daimler Truck Holding, and GEA Group saw gains ranging from 0.7% to 1.25%.

Data indicated that the HCOB Flash Germany Composite PMI decreased to 51.5 in December, marking the lowest level in four months, down from 52.4 in November and falling short of expectations of 52.4. Private sector activity experienced a deceleration attributed to a lack of momentum in fundamental demand. The Services PMI for December registered at 52.6, a decline from 53.1 in the previous month, whereas the manufacturing PMI stood at 47.7, down from 48.2 a month prior.

The HCOB Flash Eurozone Composite PMI declined to 51.9 in December, marking its lowest point in three months, a decrease from 52.8 in November. The private sector PMI registered at 52.6, a decline from 53.6, while the manufacturing PMI stood at 49.2, down from 59.6 in the preceding month. The ZEW Indicator of Economic Sentiment for the Euro Area increased by 8.7 points from the previous month to 33.7 in December, marking the highest level in five months. Data from Eurostat indicated that the Eurozone’s trade surplus expanded to €18.4 billion in October 2025, up from €7.1 billion in the same month the previous year.